Kyrgyzstan is receiving a loan of 61.7 million euros from the European Bank for Reconstruction and Development (EBRD) to update its electrical network. This information was published by the bank's press service.
Additionally, the financial package includes an investment grant of up to 3 million euros and technical assistance funds of 3 million euros. These resources are aimed at reconstructing the electricity transmission infrastructure in the country.
As part of the project, the open joint-stock company "National Electric Network of Kyrgyzstan" will be able to construct a new power line (PPL) 53 kilometers long and with a capacity of 500 kilovolts between Kemin and Balakchy. A new substation with a capacity of 500 kilovolts is also planned to be built in Balakchy, as indicated by EBRD representatives.
According to the bank, the update of the country's energy sector is critically necessary, as about 90% of substations have been in operation for over 25 years. Technical and commercial losses in the electrical networks reach nearly 14.6%, significantly exceeding international standards.
As a result of the modernization, it is expected to reduce electricity losses by 34 gigawatt-hours per year, as well as decrease greenhouse gas emissions by 3,323 tons of CO2 equivalent annually.
The implementation of this project will ensure stable electricity supply and create opportunities for Kyrgyzstan to export surplus "green" hydropower to neighboring countries.
The EBRD has been actively working in Kyrgyzstan since 1992, during which time the bank has invested nearly 1.15 billion euros in 280 different projects.
